Williams announced that it has successfully closed two strategic transactions with a value of $1.27 billion that now position the company as the third largest gatherer in the DJ Basin. Formally called the Denver-Julesburg Basin, it is a large geological formation in northeastern Colorado and southeastern Wyoming. It extends into parts of Nebraska, South …
** The Biden administration on Saturday issued a final rule aimed at reducing methane emissions, targeting the U.S. oil and natural gas industry for its role in global warming as President Joe Biden seeks to advance his climate legacy. ** Nearly a decade after the Flint Water Crisis, the Biden administration is proposing to require the removal …
After lowering the nation’s Strategic Petroleum Reserve to what some Oklahoma congressional members called dangerously low levels and at the same time harming the nation’s national security, the Biden administration plans to buy 2.7 million barrels of oil to replenish the reserve. The Department of Energy made the announcement on Friday and explained the …
Those new electric vehicles being manufactured by Canoo at its Oklahoma City manufacturing plant will cost more than the current average price of $44,331 for a new non-luxury car in the U.S. In a recent article in the Yukon Progress, Canoo CEO Tony Aquila said his EVs will have a price range of $50,000 …
In order to meet the Biden Administration’s EPA proposal to remove lead pipes across the U.S., an estimated 48,000 such pipes would have to be eliminated in Oklahoma, 330,000 in Missouri, 160,000 in Kansas and 270,000 in Texas. Those figures are based on a 2021 Natural Resources Defense Council survey. The Environmental Protection Agency …
More than a year after Oklahoma lost the battle with the state of Kansas to land a $4 billion Panasonic EV battery plant, Panasonic is in the process of hiring some of its first workers. The company, still with a year to go on construction near the eastern Kansas city of De Soto, has …
Friday turned out to be a second consecutive day of losses for crude oil prices as they slumped more than 2%, thanks to skeptical investors worried over just how deep the OPEC+ production cuts will go. Global oil prices dropped below $80 a barrel. West Texas Intermediate crude dropped $1.89 a barrel for a …
The U.S. House on Thursday passed what Oklahoma Congressman Kevin Hern described as the toughest ever sanctions bill against Iran. H.R. 5961, the No Funds for Iranian Terrorism Action passed with a vote of 307-199, including the support of all five Oklahomans in the House of Representatives. An amendment by Texas Rep. August Pfluger …
The revelation of a 6-page memo regarding the Oklahoma Attorney General’s subpoena of communications by those who worked on the 2021 Winter Storm securitization at the Oklahoma Corporation Commission shows the list did not involve an extensive number as might have been considered. However, the amount of material was still large as Gentner Drummond …
A day after rising 2%, crude oil prices fell more than 2% in Thursday’s trading, resulting in some strong gains for Oklahoma energy stocks. What brought about the weak action by crude? OPEC+ and its decision to voluntary oil output cuts in the first quarter of next year. OPEC+, including Saudi Arabia and Russia, pump …